Solana Nears $100 Billion Market Cap

user avatar

by Giorgi Kostiuk

2 years ago

Solana, known as the 'Ethereum killer,' is steadily moving towards joining the prestigious $100 billion market capitalization club.

Current Success of Solana

As of now, Solana's market capitalization stands at $96.8 billion, with the token experiencing a 1.3% increase over the past 24 hours.

Meme Coin Frenzy and Institutional Recognition

Earlier this year, Solana was at the center of a meme coin frenzy. Pump.fun, a Solana-based meme coin factory, logged $1.9 billion in volume over the past two weeks. The platform has issued over 3.1 million tokens, and total fees have surpassed 1.1 million SOL. In the U.S., Solana is gaining popularity among institutional investors, with several proposals for Solana-based ETFs, including one by VanEck.

The $100 Billion Club

Currently, only Bitcoin, Ethereum, and Tether have market capitalizations above $100 billion. Solana is likely to join this list soon. BNB and XRP were once part of this club but are currently valued below the required threshold.

"Ethereum killer" Solana is on track to join the prestigious "$100 billion club," according to Bitwise CEO Hunter Horsley.Hunter Horsley

With its ambitious plans and consistent growth, Solana could soon become part of the $100 billion club, solidifying its position among leading cryptocurrencies.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Kalshi Issues Lifetime Ban to George Santos for Manipulating Prediction Market

chest

Kalshi has permanently banned former Rep George Santos for manipulating a market tied to his attendance at the State of the Union address, profiting nearly $18,000.

user avatarKenji Takahashi

Sberbank Prepares for Crypto Trading Boom with New Digital Asset Rules

chest

Sberbank anticipates a surge in cryptocurrency trading in Russia following the implementation of new digital asset regulations, planning to accept Ethereum and Tether as collateral for loans.

user avatarMaria Fernandez

Sony Claims Consumers Don't Expect Ownership of Digital Games in Class Action Response

chest

Sony claims that consumers do not expect ownership of digital games purchased on the PlayStation Store in response to a class action lawsuit.

user avatarGustavo Mendoza

Nvidia Stock Faces Bearish Signals Amid Recent Downturn

chest

Nvidia's stock opened at 217 after a significant drop, with experts warning of potential further declines.

user avatarRajesh Kumar

Defillama Releases New Report on Crypto Metrics

chest

A new report has been released by Defillama focusing on key metrics in the crypto space.

user avatarMiguel Rodriguez

Centcom Releases New Report on Military Operations

chest

A report has been released by Centcom focusing on various military operations, emphasizing accuracy, relevance, and impartiality.

user avatarLuis Flores

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.